Every now and then I like to dig into my HiveSQL access and have a look to see how the SGS community is going from the 30,000 foot view. Having worked in the corporate world for more years than I care for, I do recognize that KPIs of sorts CAN be useful, but they can also be complete garbage as the subtleties of the coal-face day-to-day activities can be lost. That said, anything that CAN be useful is something that I at least want to have a look at. So here is what I’m looking at.
This chart is the post count for the #SilverGoldStackers tag that I have been curating. It goes back to the start of 2021 – just over 2 years. It’s a good period to look at because 2021 was a solid bull market for HIVE (and crypto broadly) but 2022 and beyond have been bearish. I’ve labelled the 2 peaks in the HIVE price because we typically do see a peak in activity around the same time and there is no difference here. What IS interesting is the big peaks AFTER the bull market was over. Even in the midst of a pretty savage bear market we are making new highs for activity on the tag. This is encouraging.
Just to put it in context, above is the HIVE chart over the same period. It’s been pretty tough going for HIVE HODLers (like me) over 2022 and so far in 2023. I think that makes the uptick in tag activity even more significant.
Following on from the Post Count chart, I wanted to have a look at Comments on those posts too. This can be a good indication of how good our engagement is and whether we might be reaching more people with our Posts about Precious Metals. Here the news is even better. We have gone on a bit of a tear in 2022 with strong growth in comments. Admittedly, some of these comments will be from bots or comment farmers but these are not really new phenomena for the HIVE platform so I think the uptrend for our post engagement is clear and legitimate.
Finally, on a more somber note I looked at the Curation rewards for the community curation project and it’s not so encouraging. It seems to have wobbled around during the bull market and then been mostly steady since. Recently it’s taken a bit of a dip as we did lose some power recently. There is nothing really to get excited about here and I would suggest that we may need to focus on trying to get some more sponsors and contributors from amongst our new posters so that our community curation project doesn’t go into decline.
Let me know what you think. Do you see something else in the data that I've missed?
